When formulating a Record Retention Plan for Security Fraud, keep in mind the criminal statute of limitations. For example, I just had a Federal Prosecutor contact me a few months ago for a Bankruptcy Fraud case I filed over six years ago. The statute of limitations for Bankruptcy Fraud is five years AFTER a court order is issued or denied. In this case the Bankruptcy order was granted 18 months after I filed the case with the US Postal Inspectors. I have also had a bad check case arrest investigated four years after the incident. The FBI classified it as a Bank Fraud to arrest a suspected terrorist trying to flee to Canada. The FBI found an old SAR. You need to keep the criminal statute of limitations (both local and federal) in mind for your record retention plans.
June 15, 2012 - 1:41pm
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